Insurance Agencies and Brokerages Bank Loans
Looking for bank loans for insurance agencies and brokerages? An SBA loan may be just what you've been looking for. This $155,000 insurance agencies and brokerages loan was issued by a New York bank.
This small firm knew how to go about getting a business bank loan. Based in Westbury, New York, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Citibank, based in New York City, New York.
SBA Loan Borrower
COMPANY TYPE: INSURANCE AGENTS AND BROKERS
WESTBURY, NY 11590
SBA Loan Lender
CITIBANK
120 BROADWAY
NEW YORK CITY, NY 10271
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
6411 - Insurance Agents and Brokers
NAICS Code
524210 - Insurance Agencies and Brokerages
Loan Approval Date
5/17/2000
Loan Approval Gross Amount
$155,000
Loan Approval from the SBA
Of the total $155,000 loan amount, the SBA guaranteed $116,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.
Next Steps for Getting an SBA Loan
If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
Related Links:
SBIR Funding
Banks in New York City, New York
Find an SBA Lender in New York